About conducting by the Bank of Russia direct Repo auctions for 3, 6 or 12 months

Department of external and public relations of the Bank of
Russia reports that direct Repo auctions for 3, 6 and 12 months will be
conducted by the Bank of Russia on Mondays both in the trading system on the
market of government bonds and at MICEX stock exchange with S2 calculation code
and in the following order:
- From June 15, 2009 once within four weeks – for 12 months period.
- From June 22, 2009 once within two weeks – for 3 months period.
- From June 29, 2009 once within four weeks - for 6 months period.
It’s expected the Bank of Russia to set up a minimal interest rate and a maximal volume of means to be provided per each auction.